Wujiang Hydropower to develop shale gas projects

Guizhou Wujiang Hydropower Development Co Ltd, a watershed hydropower development company, is to invest 12 billion yuan ($1.9 billion) to develop three to five exploration zones for shale gas development within five years.

The company is controlled by China Huadian Corporation, a wholly State-owned enterprise. Xiong Yu, vice-president and general manager of the company, said the company plans to realize large-scale production in five years time, with an annual output of 600 million cubic meters of shale gas.

We recommend:
Wind power now No.3 energy resource	Blackberry maker changes name, unveils new phones	China caps first 3G nuclear plant
New Zealand moves to restore trust	Lenovo ready to challenge mobile industry leaders	Airbus has big hopes for big plane